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  • 24-10-19

    World Bank hails Saudi Arabia improved economy

    (MENAFN) The World Bank said in its Doing Business 2020, Saudi Arabia is the most improved economy with a total of eight reforms, adding that with a reformist mindset, a policy implanted and promoted by the Crown Prince has of featuring the Kingdom as an open world-class investment destination.

    The report of the World Bank said: The Kingdom"s "Vision 2030" plan for long-term development encompasses a variety of legal and structural reforms.

    Doing Business has acknowledged the 10 economies that improved the most on the ease of doing business after implementing regulatory reforms. In Doing Business 2020, the 10 top improvers are Saudi Arabia, Jordan, Togo, Bahrain, Tajikistan, Pakistan, Kuwait, China, India, and Nigeria.

    These economies implemented a total of 59 regulatory reforms in 2018/19"accounting for one-fifth of all the reforms recorded worldwide. Their efforts focused primarily on the areas of starting a business, dealing with construction permits, and trading across borders.

    MENAFN2410201900450000ID1099172980

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